Category Archives: Energy

Busy week in Canadian diamond world

by James Kwantes As regular World of Mining readers know, I have written about Eira Thomas and followed her career since I was an Ashton Mining shareholder. I interviewed Eira recently about her diamond pursuits and other endeavours for the … Continue reading

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Cashed-up IDM Mining takes gold hunt to Red Mountain

Rob McLeod’s IDM Mining has closed its financing, raising about $3.3 million to drill for high-grade gold at its Red Mountain project, near Stewart in northwestern B.C. The area has been home to some of Canada’s highest-grade gold mines, including … Continue reading

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Lumina Copper: A final sweetener

Lumina Copper and its Taca Taca copper porphyry in northern Argentina was purchased by First Quantum Minerals on June 17 for about $470 million, or $10 a share. Lumina shareholders have three options to tender their shares – $10 cash, … Continue reading

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Lumina Copper lures in a suitor, belatedly

It’s been a wild ride, but Lumina Copper got taken out recently for $10 a share by First Quantum Minerals, which will develop Lumina’s monster Taca Taca copper-gold deposit in northern Argentina. The deal values Lumina at $470 million. I … Continue reading

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WEQ revisited

Small-cap dividend play WesternOne Inc ($WEQ.CA) named its new CEO this week and the market applauded. On Sept. 1, current Ritchie Bros CEO Peter Blake will succeed interim CEO Robert King at the helm, the company announced May 26. Blake … Continue reading

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Peregrine Diamonds: (Barely) buried treasure on Baffin Island

by James Kwantes, World of Mining Peregrine Diamonds released its maiden resource estimate for Chidliak Wednesday, and it sparkled. The diamond exploration company led by Eric Friedland reported an NI 43-101 compliant inferred resource of 7.47 million carats of diamonds … Continue reading

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A proxy loss, but Sherritt shaken

by James Kwantes, World of Mining When the votes were counted Tuesday, activist investor George Armoyan had lost his bid to shake up Sherritt’s board. But Armoyan, whose Clarke owns 5% plus of Sherritt’s outstanding shares, got a round of … Continue reading

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Getting things done the Imperial way

by James Kwantes, World of Mining I recently had the pleasure of interviewing Imperial Metals (III) chairman Pierre Lebel for the Vancouver Sun and my feature on Lebel and Imperial’s Red Chris mine is in today’s Sun business section and … Continue reading

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A (re-)visit with Pretium CEO Bob Quartermain

by James Kwantes, WorldofMining.com I first interviewed Bob Quartermain for the Vancouver Sun in December 2011 when his Pretium Resources IPOed on the Toronto Stock Exchange. At $265 million, it was one of the larger IPOs that year, and allowed … Continue reading

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Fight Club, Canadian-style (Sherritt vs. shareholders)

by James Kwantes, WorldofMining.com Sherritt and Clarke resumed their very public boardroom battle this week with fresh accusations and countercharges. Sherritt chairman Hap Stephen opened fire Monday morning with a 7-page broadside attacking dissident shareholder George Armoyan. Stephen spent about … Continue reading

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